Is Lyons, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyons is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Lyons was a Seller's Market.

Key Takeaway

Lyons is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Lyons, IL cost?

Median Sold Price

$249,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$28,500(+12.9%)

Key Takeaway

Homes in Lyons have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $81.2K$73.4K
-9.5%
2 $163.9K$219K
+33.6%
3 $235K$266K
+13.2%
4 $254.5K$258.5K
+1.6%
5+ $395K$274K
-30.6%

Median Sold Price Compared To Nearby Cities

Lyons
+12.9%
Summit
+2.1%
Riverside Township
-3.6%
Riverside
-10.8%

How many homes are available in Lyons, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
3943+10.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 810
+25.0%
3 1822
+22.2%
4 98
-11.1%
5+ 32
-33.3%

Number of Homes Sold

Sep 2022Oct 2022%
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyons, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
30 Days27 Days-10.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lyons are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lyons, IL

Lyons, IL has 43 homes on the market. The number of listings in Lyons, IL increased by 10.3% between September 2022 and October 2022. While the average time on the market in October 2022 was 27 days, the median list price was $249,000. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 9.5%, prices of 2 bedrooms properties increased by 33.6%, the cost of 3 bedrooms properties went up by 13.2%, prices of 4 bedrooms properties went up by 1.6%, 5 bedrooms properties became 30.6% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went up by 25%, number of 3 bedrooms homes increased by 22.2%, number of 4 bedrooms homes decreased by 11.1%, 5 bedrooms homes became 33.3% less available. While more than 1 listings in Lyons, IL in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 4 were sold below.

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